Guideline Value for ATHA THULLA STREET

Atha Thulla Street guideline value

The current guideline value of Atha Thulla Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Atha Thulla Street has changed

The guideline value for Atha Thulla Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This increased to Rs 469 per sq.ft in the 2017 revision, followed by a significant rise to Rs 700 per sq.ft in the 2023 revision. The 2024 revision maintained this figure, showing no change from the previous year.

Notably, there are no figures available for Atha Thulla Street in the revisions from 2002, 2003, and 2007. The overall change from the 2012 revision to the 2024 revision shows an increase of 40% in the guideline value.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for Atha Thulla Street.

• Athaualla Street: Rs 700 per sq.ft (2024)
• Attrangarai: Rs 900 per sq.ft (2024)
• Avvai Street: Rs 700 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,200 per sq.ft (2024)
• Arasur Road: Rs 900 per sq.ft (2024)
• Anugraha Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Atha Thulla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Atha Thulla Street?

The Sub Registrar Office that covers Atha Thulla Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, within the Chennai registration zone. You can find your SRO for additional assistance.

How the guideline value is used when you buy or sell in Ponneri

The guideline value is a critical factor when registering property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market standards set by the local authorities. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Atha Thulla Street?

The current guideline value of Atha Thulla Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Atha Thulla Street?

Atha Thulla Street is classified as Residential Class II Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Atha Thulla Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.